Dormakaba
 | |
| Company type | Public |
|---|---|
| SIX: KABN | |
| ISIN | CH0011795959  |
| Industry | Security technology |
| Founded | 1862 |
| Headquarters | Rümlang, Switzerland |
Key people | Riet Cadonau (CEO) Ulrich Graf[1] (Chairman, executive) |
| Products | Access control systems and management, cylinders, identification, keys, key cutting machines, locks, lodging products, safes, safe locks, vaults, workforce management |
| Revenue | 945,2 million CHF (2010/2011) [2] |
Number of employees | 7404 (2011) |
| Website | www.kaba.com |
Kaba Holding AG is a global security group based in Rümlang, Switzerland, and employing around 7,400 staff in over 60 countries. They are a publicly traded company listed on the SIX Swiss Exchange.[3]
History
The company was founded in 1862 in Zurich by Franz Bauer as a locksmith shop and cash register factory. The firm was sold in 1915 to Leo Bodmer, who renamed the company to Bauer AG. In 1934, the inventor Fritz Schori created the first cylinder lock with reversible key. Bauer AG patented the invention and named the lock after the firm's founder Franz Bauer, known in German as 'Kassenbauer' (maker of cash registers) - in short 'Kaba'.
Over the years, the company gradually expanded its portfolio and established itself throughout Europe. In 1995, Bauer Holding AG was renamed Kaba Holding AG and the company's shares were listed on the Zurich stock exchange.
With the takeover of Unican Security Systems Ltd. (Montreal) in 2001,[4] Kaba gained a foothold in North America and added the Silca, Ilco and Kaba Mas brands as part of the merger
In 2006, the company acquired the Wah Yuet Group in China,[5] the US company Computerized Security Systems (CSS) with its Saflok and La Gard brands,[6] and the Dutch company H. Cillekens Zn. B.V. In addition, various joint ventures with the Indian Minda Group were entered.
At Security 2008, Kaba was awarded the “Security Innovation Award” in gold for its newly developed identification technology RCID.[7][8]
In 2011, Kaba sold the Business Segment Door Automation (Kaba Gilgen AG, formerly Gilgen AG) to the Japanese Nabtesco Group.[9]
In April 2015, Kaba announced a planned merger with German-based Dorma Holding. The new company will be named dorma+kaba and will be operationally based in Rümlang, Switzerland where the headquarters of Kaba Group are located.[10]
Areas of operation
The Kaba Group produces components and systems for securing and organizing access as well as for recording enterprise and personnel data. The company operates with four business segments - Access + Data Systems EMEA/AP, Access + Data Systems Americas, Industrial Locks and Key Systems - providing the following groups of products:
- Cylinders and locks
- Keys and key cutting machines
- Access management and control systems
- Workforce management
- Safe locks
- Safes
- Safe deposit installations
- Lodging products
- Physical access systems
- Identification
References
- ^ "Key People at Kaba Holding AG". Reuters.
- ^ "Key Figures of Kaba". Reuters.
- ^ "SIX Swiss Exchange - Kaba Holding AG". SIX Swiss Exchange.
- ^ "Takeover of Unican Security Systems Ltd". CBC News. December 22, 2000.
- ^ "Kaba in China". Bloomberg. November 28, 2008.
- ^ "Kaba acquires Computerized Security Systems". AFX News Limited. August 28, 2006.
- ^ "Media release - Kaba wins Security Innovation Award" (PDF). Kaba Holding AG. October 9, 2008.
- ^ "Kaba gewinnt SECURITY INNOVATION AWARD in Gold". PRESSEBOX. October 7, 2008.
- ^ "Nabtesco Corporation Acquires Kaba Gilgen AG". Reuters. April 2, 2011.
- ^ "Swiss-based Kaba to merge with Germany's Dorma Holding". Reuters. April 30, 2015.